Potato moves up in futures trade on spot demand

Potato prices moved up by 0.14% to Rs 885 per quintal in futures market as speculators built up fresh positions.

PTI|

Updated: Oct 25, 2013, 12.01 PM IST

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NEW DELHI: Potato prices moved up by 0.14 per cent to Rs 885 per quintal in futures market today as speculators built up fresh positions, driven by pick up in demand in the spot market.

At the Multi Commodity Exchange, potato for delivery in far-month March rose by Rs 1.20, or 0.14 per cent, to Rs 885 per quintal in business turnover of 20 lots.

Analysts said increased positions built up by speculators supported by rising demand in the spot market against restricted arrivals from producing regions mainly influenced potato prices in futures trade.